Madam, – There can be little doubt that the economy is facing strong headwinds; the Government is in uncharted territory and the Irish taxpayers could sink under the weight of the current debt burden. The so-called EU/IMF “rescue package” is commonly referred to as a “bailout”.
Given the tide of public and expert opinion appears to be turning in favour of the hypothesis that the immense repayments for the bailout threaten to inundate the State, is it time to refer to the rescue package as a bail-in? – Yours, etc,